| dc.contributor | 財務管理學系 | en_US |
| dc.creator (作者) | 徐燕山 | zh_TW |
| dc.date (日期) | 1999 | en_US |
| dc.date.accessioned | 10-Sep-2014 17:47:49 (UTC+8) | - |
| dc.date.available | 10-Sep-2014 17:47:49 (UTC+8) | - |
| dc.date.issued (上傳時間) | 10-Sep-2014 17:47:49 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/69772 | - |
| dc.description.abstract (摘要) | 本文分別探討短期利率與預期權益證卷溢酬在市場擇時上的績效。研究結果顯示,短期利率或預期權益證卷溢酬均具有相當的市場變動預測能力,短期利率在短期投資期間(三個月、六個月或九個月)的預測表現較佳,而預期權益證卷溢酬則在一年投資期間的預測上表現較佳;然而,整合這兩種預測工具卻無法提高市場預測能力。 | en_US |
| dc.description.abstract (摘要) | This paper examines the market timing abilities in terms of short-term interest rate and expected equity risk premium. The empirical results show that both the short-term rate and expected equity risk premium possess forecasting abilities. The expected equity risk premium has better forecasting abilities for one-year investment horizon, while the short-term rate has better performance in the short-term investment horizons. The combining index through integrating the short-term rate and expected equity risk premium does not outperform either the short-term rate or the expected equity risk premium in market forecasting. | en_US |
| dc.format.extent | 135 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | 行政院國家科學委員會 | en_US |
| dc.relation (關聯) | 計畫編號NSC88-2416-H004-002 | en_US |
| dc.subject (關鍵詞) | 風險貼水;市場擇時;股票市場;短期利率;市場績效;台灣 | en_US |
| dc.subject (關鍵詞) | Risk premium;Market timing;Stock market;Short-term rate;Market performance;Taiwan | en_US |
| dc.title (題名) | 短期利率、股票風險貼水與市場擇時績效---台灣股市之探討 | zh_TW |
| dc.title.alternative (其他題名) | Short-Term Rates, Equity Risk Premium and Market Timing---The Case of Taiwan | en_US |
| dc.type (資料類型) | report | en |
